Wood and Disney Accountants Colchester

Tuesday Tip ~ set up an HMRC account for your Limited Company

Setting this up allows you to view submissions and keep an eye on things such as;
Corporation Tax
VAT
PAYE
CIS

HMRC online services: sign in or set up an account Sign in or set up a personal or business tax account, Self Assessment, Corporation Tax, PAYE for employers, VAT and other services.

Tax Manager ~ Virginia has worked for wood and disney over two periods since leaving school and inbetween raising a family. She returned to the office after an extended break in 2011. If we do your Self Assessment Tax Return, it will be Virginia who chases you for information and reminds you if you don’t respond.

Married with 4 children so Virginia is extremely organised and used to dealing with lots of excuses, so be warned. If she ever gets spare time she enjoys spending it with her family, walking, baking and sailing.

If your income is over £35,000, any Winter Fuel Payment you receive will be recovered through your tax.

If you’d prefer not to receive the payment, you can opt out.

Opt out by:
• 18 September 2026 (phone)
• 20 September 2026 (online)

You can opt back in if your circumstances change. You can find out more: https://ow.ly/ybAs50Zizw5

Tuesday Tip ~ set up a Personal Tax Account with HMRC

This account is for everyone and allows you access to many things including;
Checking your tax code.
Claiming a tax refund.
Getting a copy of your P60
Checking your State Pension.
Checking or updating your Marriage Allowance.
Telling HMRC about a change of name or address.

You can set up your account here https://www.gov.uk/personal-tax-account

Accountant ~ Christie joined us last May. With a BCom degree in Business Management and currently studying towards her ACCA qualification, she brings a balance of academic knowledge and practical experience to her work. Over the past 5 years she has worked in accounting, while also spending another 5 years helping to manage and run operations within a business — an experience that’s given her a broad understanding of both the numbers and the people behind them.

Outside of work, you’ll most likely find Christie outdoors - cycling, running, or hiking. She is passionate about nature and how it helps put life into perspective. Christie believes that even the smallest gestures, like a friendly smile, can brighten someone’s day and make a meaningful difference. That’s the kind of energy she tries to bring into everything she does.

Most traditional accounting firms are compliance factories: they look backward, tick boxes, file forms, and send an invoice. They are historians. We do compliance differently! Read more ➡ https://www.woodanddisney.co.uk/real-time-accounting-control

Tuesday Tip ~ check your payslip

If you're concerned that your payslip is incorrect or something just doesn't feel right, you can download our App and go into the Calculators section and enter your payslip details to check it! Just search "wood and disney" in the App/Play Store and download for free

Accountant ~ Veronica joined us in 2023. She holds a Diploma in Accounting Science and a Bachelor’s degree in Financial Accounting (Bcompt in Fin Acc) and started working at an accounting firm straight after finishing School in 2015.

Other than enjoying working with numbers, Veronica enjoys spending time with her family whether it be going on a hike or simply going for a walk on the beach.

If you have Self Assessment Tax to pay by 31 July, click on the link below for the various ways to pay 👇

Pay your Self Assessment tax bill Payment options for your Self Assessment tax bill - Direct Debit, bank transfer, through your tax code, debit or credit card, cheque and pay weekly or monthly

Tuesday Tip ~ Check your State Pension forecast

Although you will receive a State Pension, it may not be the "Full" State Pension if you have any gaps in employment or National Insurance contributions. Check your Pension forecast with HMRC ➡ https://www.gov.uk/check-state-pension